The company maintains a solid capital position with $142.3 billion in total assets against $110.3 billion in liabilities as of 2026Q1, supporting a stable equity base of $32.0 billion.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Assets | 142.31B | 143.71B | 133.19B | 125.98B | 115.72B | 120.47B | 116.76B | 110.12B | 104.23B | 103.48B | 100.25B | 100.18B | 103.08B | 103.81B | 104.94B | 104.58B | 105.66B | 109.56B | 109.63B | 115.22B | 115.29B | 113.19B | 111.25B | 64.87B | 39.96B | 38.32B | 35.5B | 38.87B | 38.32B | 37.36B | 20.68B |
| Asset Growth % | 26.7% | 7.9% | 5.72% | 8.87% | -3.94% | 3.17% | 6.03% | 5.65% | 0.72% | 3.23% | 0.06% | -2.81% | -0.71% | -1.07% | 0.35% | -1.02% | -3.56% | -0.07% | -4.85% | -0.06% | 1.86% | 1.74% | 71.49% | 62.35% | 4.27% | 7.94% | -8.67% | 1.44% | 2.58% | 80.64% | 5.21% |
| Total Investment Assets | 4M | 101.18B | 94.22B | 88.81B | 80.45B | 87.38B | 84.42B | 77.88B | 72.28B | 72.5B | 70.49B | 70.47B | 73.26B | 73.16B | 73.84B | 72.7B | 72.72B | 74.97B | 70.74B | 75.67B | 72.27B | 68.29B | 64.37B | 38.65B | 22.73B | 22.18B | 22.05B | 22.32B | 23.3B | 13.93B | 13.04B |
| Long-Term Investments | 91.48B | 75.72B | 5.1B | 0 | 5.02B | 4.84B | 80B | 73.5B | 67.82B | 68.04B | 66.11B | 66.03B | 68.74B | 68.78B | 69.52B | 68.39B | 68.95B | 71.15B | 66.88B | 70.59B | 68.08B | 64.36B | 59.97B | 35.92B | 2.55B | 3.56B | 3.8B | 22.32B | 21.93B | 13.93B | 13.04B |
| Short-Term Investments | 97.4B | 25.46B | 89.12B | 88.81B | 75.44B | 82.54B | 79.51B | 73.08B | 67.45B | 67.59B | 65.38B | 65.33B | 67.84B | 67.84B | 68.88B | 67.83B | 5.62B | 4.85B | 5.22B | 5.19B | 4.94B | 4.8B | 4.94B | 2.14B | 2.15B | 2.15B | 2.33B | 1.37B | 982.49M | 441.36M | 289.79M |
| Total Current Assets | 123.15B | 50.35B | 114.05B | 116.28B | 98.47B | 105.24B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 615M | 710M | 568M | 650M | 799M | 761M | 721M | 494M | 373M | 344M | 307M | 380M | 374M | 294M | 330M | 214M | 200M | 255M | 350M | 271M | 459M | 337M | 262M | 352M | 315M | 151M | 52M | 165M | 119.84M | 22.66M | 37.21M |
| Receivables | 93.8B | 22.77B | 23.03B | 10.97B | 21.21B | 21.04B | 20.42B | 20.74B | 20.66B | 20.23B | 19.62B | 19.72B | 19.92B | 20.17B | 21.39B | 22.07B | 10.84B | 11.27B | 12.19B | 12.84B | 12.73B | 11.64B | 11.83B | 7.21B | 3.18B | 3.63B | 3.4B | 2.92B | 2.63B | 2.21B | 1.56B |
| Other Current Assets | 0 | 132M | 131M | 15.85B | 0 | 0 | -101.43B | -95B | -89.06B | -88.71B | -85.89B | -86.09B | -88.81B | -89.1B | -91.45B | -90.94B | -16.66B | -16.38B | -17.76B | -18.3B | -18.13B | -16.78B | -17.04B | -9.7B | -5.64B | -5.93B | -5.78B | -4.46B | -3.73B | -2.68B | -1.89B |
| Goodwill & Intangibles | 32.5B | 7.92B | 8.09B | 4.25B | 7.08B | 6.86B | 4.29B | 4.29B | 4.28B | 4.29B | 3.85B | 3.85B | 3.92B | 3.98B | 3.75B | 3.8B | 3.87B | 3.95B | 4.05B | 4.18B | 4.2B | 4.36B | 4.63B | 2.83B | 1.01B | 690M | 510M | 509M | 592.06M | 618.5M | 167.3M |
| Goodwill | 4.06B | 4.07B | 4.23B | 3.98B | 3.95B | 4.01B | 3.98B | 3.96B | 3.94B | 3.95B | 3.58B | 3.57B | 3.61B | 3.63B | 3.37B | 3.37B | 3.37B | 3.37B | 3.37B | 3.37B | 3.44B | 3.44B | 3.56B | 2.41B | 874M | 3.63B | 510M | 509M | 592.06M | 0 | 0 |
| Intangible Assets | 3.92B | 3.85B | 3.85B | 277M | 3.12B | 2.85B | 317M | 330M | 345M | 342M | 268M | 279M | 304M | 351M | 381M | 433M | 502M | 588M | 688M | 814M | 764M | 917M | 1.06B | 422M | 139M | 0 | 0 | 0 | 0 | 618.5M | 167.3M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 343M | 459M | 486M | 492M | 507M | 518.5M | 602.4M | 281.1M |
| Other Assets | 4.5B | 8.83B | 4.18B | 3.94B | 3.27B | 3.53B | -84.29B | -77.79B | -72.1B | -72.33B | -69.96B | -69.89B | -72.65B | -72.77B | -73.27B | -72.18B | -72.82B | -75.1B | -70.93B | -74.77B | -72.28B | -68.72B | -64.6B | -39.09B | -4.02B | -4.74B | -4.8B | -23.34B | -23.04B | -15.15B | -13.49B |
| Total Liabilities | 110.32B | 110.81B | 105.33B | 101.06B | 94.16B | 91.58B | 87.56B | 84.18B | 81.34B | 79.75B | 77.02B | 76.59B | 78.24B | 79.02B | 79.53B | 80.1B | 80.18B | 82.14B | 84.31B | 88.61B | 90.16B | 90.88B | 90.05B | 52.88B | 34.21B | 33.21B | 28.27B | 31.98B | 31.18B | 30.25B | 16.47B |
| Total Debt | 9.27B | 9.27B | 8.03B | 8.03B | 7.29B | 7.29B | 6.55B | 6.56B | 6.56B | 6.57B | 6.44B | 6.34B | 6.35B | 6.35B | 6.35B | 6.61B | 6.61B | 6.53B | 6.18B | 5.58B | 5.76B | 5.85B | 6.31B | 2.67B | 2.71B | 2.13B | 1.65B | 1.47B | 1.26B | 1.3B | 689.1M |
| Net Debt | 8.65B | 8.56B | 7.46B | 7.38B | 6.49B | 6.53B | 5.83B | 6.06B | 6.19B | 6.23B | 6.13B | 5.96B | 5.97B | 6.05B | 6.02B | 6.39B | 6.41B | 6.27B | 5.83B | 5.31B | 5.3B | 5.51B | 6.05B | 2.32B | 2.4B | 1.98B | 1.59B | 1.3B | 1.14B | 1.28B | 651.89M |
| Long-Term Debt | 8.97B | 8.97B | 7.93B | 7.93B | 7.19B | 7.19B | 6.45B | 5.96B | 5.96B | 5.97B | 5.89B | 5.84B | 5.85B | 6.25B | 5.75B | 6.25B | 6.5B | 6.15B | 5.94B | 4.93B | 5.76B | 5.85B | 6.31B | 2.67B | 2.71B | 2.13B | 1.65B | 1.47B | 1.26B | 1.3B | 689.1M |
| Short-Term Debt | 300M | 300M | 100M | 100M | 100M | 100M | 100M | 600M | 600M | 600M | 550M | 500M | 500M | 100M | 600M | 350M | 109M | 373M | 242M | 649M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 94.17B | 92.02B | 90.22B | 82.5B | 81B | 78.06B | 4.62B | 0 | 5.67B | 5.65B | 5.43B | 5.17B | 5.2B | 4.73B | 5.75B | 5.92B | 516M | 919M | 770M | 1.27B | 685M | 720M | 896M | 1.44B | 1.97B | 1.98B | 2.09B | 1.81B | 2.9B | 0 | 665.59M |
| Accounts Payable | 4.19B | 3.56B | 3.74B | 3.79B | 4.01B | 4.29B | 4.62B | 4.98B | 5.07B | 5.05B | 4.88B | 4.67B | 4.7B | 4.63B | 5.15B | 5.58B | 407M | 546M | 528M | 618M | 685M | 720M | 896M | 403M | 1.01B | 943M | 1.06B | 1.81B | 2.9B | 0 | 665.59M |
| Deferred Revenue | 22.77B | 22.43B | 22.29B | 20.87B | 18.24B | 16.47B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 66.91B | 65.74B | 64.09B | 57.66B | 58.65B | 57.2B | -100M | -5.58B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 7.18B | 9.82B | 7.17B | 10.63B | 5.96B | 6.04B | 75.84B | -6.09B | 69.7B | 68.13B | 65.7B | 65.57B | 67.19B | 68.04B | 67.69B | 67.92B | 73.16B | 75.07B | 77.6B | 82.41B | 83.71B | 84.31B | 82.84B | 48.77B | 29.53B | 29.1B | 24.54B | 28.7B | 27.03B | 28.94B | 15.12B |
| Total Equity | 31.99B | 32.89B | 27.86B | 24.92B | 21.56B | 28.89B | 29.2B | 25.94B | 22.89B | 23.73B | 23.22B | 23.6B | 24.84B | 24.8B | 25.41B | 24.48B | 25.48B | 27.41B | 25.32B | 26.62B | 25.14B | 22.3B | 21.2B | 11.99B | 5.75B | 5.11B | 7.56B | 6.9B | 7.14B | 7.11B | 4.21B |
| Equity Growth % | 64.37% | 18.05% | 11.81% | 15.59% | -25.36% | -1.08% | 12.56% | 13.32% | -3.53% | 2.2% | -1.6% | -4.98% | 0.16% | -2.4% | 3.79% | -3.92% | -7.08% | 8.28% | -4.87% | 5.89% | 12.7% | 5.2% | 76.87% | 108.61% | 12.36% | -32.39% | 9.67% | -3.39% | 0.4% | 68.87% | 12.89% |
| Shareholders Equity | 31.99B | 32.89B | 27.86B | 24.92B | 21.56B | 28.89B | 29.2B | 25.94B | 22.89B | 23.73B | 23.22B | 23.6B | 24.84B | 24.8B | 25.41B | 24.48B | 25.48B | 27.41B | 25.32B | 26.62B | 25.14B | 22.3B | 21.2B | 11.99B | 5.75B | 5.11B | 7.23B | 6.47B | 6.64B | 6.61B | 4B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 337M | 425M | 502.7M | 502.7M | 207M |
| Retained Earnings | 56.4B | 54.93B | 49.63B | 45.59B | 43.52B | 41.55B | 38.77B | 36.98B | 35.2B | 33.46B | 32.2B | 29.95B | 27.25B | 24.29B | 21.35B | 19.58B | 18.85B | 16.32B | 13.31B | 11.11B | 7.25B | 3.75B | 2.74B | 2.29B | 2.47B | 2.5B | 4.24B | 3.83B | 3.48B | 3.72B | 2.94B |
| Common Stock | 26.09B | 25.91B | 25.45B | 24.91B | 24.57B | 24.15B | 23.74B | 23.47B | 23.14B | 22.89B | 22.61B | 22.17B | 21.84B | 21.5B | 21.16B | 20.73B | 0 | 0 | 0 | 18.99B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.08B | 2.13B | 512.16M | 475.71M |
| Accumulated OCI | -3.08B | -2.5B | -4.97B | -4.47B | -6.45B | 1.19B | 2.5B | 640M | -1.86B | -343M | -755M | -157M | 880M | 810M | 2.24B | 2B | 1.25B | 1.22B | -900M | 670M | 452M | 351M | 952M | 1.09B | 602M | 364M | 697M | 542M | 1.01B | 655.67M | 596.47M |
| Return on Equity (ROE) | 24.14% | 20.7% | 18.94% | 12.87% | 11.27% | 12.61% | 9.78% | 10.74% | 10.82% | 8.76% | 12.88% | 14.2% | 14.88% | 14.63% | 9.92% | 5.71% | 12.16% | 13.74% | 11.26% | 17.78% | 17.74% | 7.46% | 5.76% | 19.13% | -0.5% | -17.16% | 13.73% | 11.88% | 1.25% | 16.41% | 18.45% |
| Return on Assets (ROA) | 5.35% | 4.54% | 3.86% | 2.48% | 2.41% | 3.09% | 2.38% | 2.45% | 2.43% | 2.02% | 3.01% | 3.38% | 3.57% | 3.52% | 2.36% | 1.36% | 2.99% | 3.3% | 2.6% | 3.99% | 3.68% | 1.45% | 1.08% | 3.24% | -0.07% | -2.95% | 2.67% | 2.16% | 0.24% | 3.2% | 3.63% |
| Equity / Assets | 22.48% | 22.89% | 20.92% | 19.78% | 18.63% | 23.98% | 25.01% | 23.56% | 21.96% | 22.93% | 23.16% | 23.55% | 24.09% | 23.89% | 24.21% | 23.41% | 24.11% | 25.02% | 23.09% | 23.1% | 21.8% | 19.7% | 19.06% | 18.48% | 14.38% | 13.35% | 21.31% | 17.74% | 18.63% | 19.03% | 20.36% |
| Debt / Equity | 0.29x | 0.28x | 0.29x | 0.32x | 0.34x | 0.25x | 0.22x | 0.25x | 0.29x | 0.28x | 0.28x | 0.27x | 0.26x | 0.26x | 0.25x | 0.27x | 0.26x | 0.24x | 0.24x | 0.21x | 0.23x | 0.26x | 0.30x | 0.22x | 0.47x | 0.42x | 0.22x | 0.21x | 0.18x | 0.18x | 0.16x |
| Book Value per Share | 146.46 | 144.53 | 120.57 | 107.33 | 89.95 | 115.18 | 114.69 | 98.91 | 84.86 | 85.18 | 79.80 | 75.18 | 72.51 | 66.25 | 65.17 | 58.21 | 52.80 | 47.47 | 41.90 | 39.81 | 35.07 | 31.29 | 33.74 | 26.44 | 24.61 | 24.12 | 32.46 | 28.04 | 28.26 | 40.22 | 22.37 |
| Tangible BV per Share | 109.93 | 109.73 | 85.58 | 89.01 | 60.43 | 87.84 | 97.83 | 82.55 | 68.98 | 69.77 | 66.57 | 62.91 | 61.08 | 55.60 | 55.56 | 49.18 | 44.78 | 40.63 | 35.19 | 33.56 | 29.21 | 25.17 | 26.38 | 20.19 | 20.27 | 7.00 | 30.27 | 25.97 | 25.91 | 36.72 | 21.48 |
Catastrophe loss volatility
As reported in recent financial statements, Travelers' equity base grew from $24.9 billion in 2023Q4 to $32.0 billion by 2026Q1, suggesting that the company is successfully retaining earnings despite the periodic pressure of elevated loss ratios and significant catastrophe-related claims activity observed throughout the period.
The steady appreciation in total equity indicates a resilient capital generation engine that persists even when underwriting results face seasonal headwinds. Investors should monitor whether this growth trajectory can be sustained if the frequency of severe convective storms continues to pressure the combined ratio.
Based on the provided quarterly data, claims and loss reserves fluctuated significantly, peaking at $9.8 billion in 2025Q1, which implies that the company is actively adjusting its liability estimates to account for the evolving severity of claims in a high-inflation environment for repair and litigation costs.
The variance in quarterly loss figures suggests that management is responsive to emerging claims data, though the volatility warrants caution regarding potential future reserve strengthening. This dynamic approach to reserving is essential for maintaining long-term solvency in the face of unpredictable social and economic inflation.
According to the latest balance sheet figures, total assets reached $142.3 billion in 2026Q1 against $110.3 billion in liabilities, indicating a robust capital buffer that appears sufficient to absorb potential underwriting shocks while maintaining the company's capacity for consistent shareholder capital returns through dividends and buybacks.
The current asset-to-liability spread suggests a healthy solvency position that provides management with significant operational flexibility. This financial cushion is critical for navigating the cyclical nature of the P&C industry without compromising the company's ability to meet long-term policyholder obligations.
As indicated by the historical data, the divergence between net income and operating cash flow suggests that non-cash reserve adjustments play a major role in earnings, which may mask the underlying impact of social inflation on long-tail liability lines that are not immediately visible in current results.
The reliance on actuarial estimates for long-tail lines creates a potential for future adverse development if litigation trends continue to outpace historical models. Investors should remain vigilant regarding the potential for these latent liabilities to impact future capital adequacy if the current underwriting environment shifts unfavorably.
Quick answers to the most common questions about buying TRV stock.
As of 2025, The Travelers Companies, Inc. (TRV) had total assets of $143.71B including $50.35B in current assets.
The Travelers Companies, Inc. (TRV) carries total debt of $9.27B, offset by $26.17B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
The Travelers Companies, Inc. (TRV) has total shareholders' equity (book value) of $32.89B ($144.53 book value per share). Book value represents the net worth of the company belonging to common stock holders.
The Travelers Companies, Inc. (TRV) reported a current ratio of 0.55x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.